Tag Archives: Inflation

QP: Fighting to claim who loves seniors most

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The first day back after an extended weekend, and the prime minister was in town but absent, while his deputy was there. Most of the other leaders were also away, and this was the Bloc’s Supply Day and the Conservatives were about to have the vote of their latest non-confidence motion, so that was going to set the stage for what was to come. Before things got underway the Bloc’s newest MP got introduced to the Chamber to take his seat. Speaker Fergus then gave another admonishment for MPs to behave, as though that was going to do anything.

Once things got started, Pierre Poilievre led off in French, and rattled off some slogans that claimed to be in the defence of seniors. Chrystia Freeland said that seniors remember that Stephen Harper went off to Davos to raise the age of retirement, and that they government introduced child care for the benefit of their grandchildren. Poilievre then took a swipe at the Bloc before demanding an election. Jean-Yves Duclos pointed out that Poilievre picked fights with municipalities. Poilievre switched to English to spin a tall tale about Mark Carney, calling him a walking conflict of interest. Freeland said that they are glad to get advice from former central bankers like Carney and Stephen Poloz, while the Conservatives get their advice from Elon Musk and Tucker Carlson. Poilievre then raised Blaine Higgs’ doomed promise to try and challenge the carbon levy in the courts again (who will promptly tell him to pound sand), and demanded an election. Freeland pointed out their announcement from this morning about the small business carbon levy. Poilievre then switched topics again, this time other Israel’s right to defend itself. Mélanie Joly says that they condemn Iran’s attacks, which will only further escalate the region, that she contacted her Israeli counterpart this morning and other regional counterparts, and that the war needs to stop.

Alain Therrien led for the Bloc, and listed seniors groups on the Hill before demanding support for their OAS changes. Steve MacKinnon listed all of the measures for seniors that they voted against, saying their hypocrisy was shocking. Therrien made the demand again, pointing out it’s International Seniors Day, and MacKinnon prevaricated by wishing seniors well on this day, before returning to the his points about what the Bloc voted against.

Lori Idlout appeared by video to demand more funding for First Nations, particularly things like fire services. Patty Hajdu says they have invested $136 million for First Nations self-determined fire safety priorities. Leah Gazan demanded better healthcare access for First Nations. Hajdu says that there were $2 billion in the recent transfers earmarked for Indigenous self-determined priorities.

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Roundup: Bringing in the spouses?

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The fallout from Jagmeet Singh’s confrontation with members of the Asshole Brigade who are harassing people in front of Parliament Hill has taken a couple of strange twists. In his post about the incident, Singh said that “That’s the country that Pierre Poilievre wants,” which of course sent the Conservatives into the usual bit of performative victimhood. Among those was Michael Cooper, who was seen hanging out with some of those members of the Asshole Brigade, and he tweeted out that he didn’t know them, that they approached him at the restaurant he was eating in…but there is video that shows him meeting with them before the restaurant, so perhaps that’s a very judicious use of the truth.

The stranger part was that Anaida Poilievre wrote a long Twitter missive to rebut the accusation and to praise Poilievre’s good character, while taking shots at Singh and Justin Trudeau. There has been a long-held convention in Canadian politics that spouses stay out of things, and they get a semblance of anonymity as a result. The fact that she has been very active in Poilievre’s campaign is a sign that she could be much more active in a future where Poilievre becomes prime minister, and that’s a bit of a problem because we don’t have “First Ladies” in this county like the Americans do, because our “First Lady” is Queen Camila. If she plays an active role, does she then become a target for other parties? Does that open up attacks for their spouses? I worry about that given the coarsening of politics as it is, and the fact that far too many people are already targeting MPs’ homes as part of protests. We don’t need them to become fair game as things continue to race to the bottom.

https://x.com/AnaPoilievre/status/1836225640938508466

Ukraine Dispatch

Russian shelling in Zaporizhzhia killed one woman and injured two others, while another attack targeted energy facilities in the central city of Kropyvnytskyi. Ukrainian drones have struck a Russian military base north of Moscow, causing an “earthquake-sized” blast. President Zelenskyy will be addressing the United Nations Security Council on Tuesday.

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Roundup: Two percent ahead of schedule

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The big news yesterday was that according to August data, headline inflation returned to the Bank of Canada’s target of 2.0 percent, well ahead of schedule. It’ll bounce around for a while as the economy continues to rebalance, but it’s a sign that the Bank has essentially stuck the soft-landing. And before you repeat the Andrew Scheer line of “People are going to food banks, you call that a soft landing?” the answer is that the alternative was a recession, so yeah, this definitely beats that.

Things are still uneven, and yes, housing costs continue to drive much of the current inflation, and gasoline prices are a big reason why it fell as much as it did in August, so those will bounce around some more. Food is still running a little bit above headline, but nowhere near what it was before because supply chains have evened out, prices have stabilized from supply shocks (driven by climate change and the invasion of Ukraine), but seasonal price changes are also having an impact. (More from Trevor Tombe in this thread).

https://twitter.com/trevortombe/status/1836026950281744434

Meanwhile, I have seen zero discussion about how everything that Pierre Poilievre has claimed was causing inflation—deficit spending, the carbon levy, and so on—has all been proven false, to say nothing about the comparison between us and the US in terms of deficits and economic performance. Oh, but then they may have to actually point out that he’s lying, and they don’t want to do that. Not to mention, this is Canadian journalism, and we don’t like to actually talk to economists to understand what’s going on, we only need them to assist in both-sidesing bullshit talking points from the parties that paint a picture of doom (because there is “no such thing as a good-news economic story”). Is it any wonder Canadians have such a distorted view of the economy?

Ukraine Dispatch

Russians have once again targeted energy faculties in Sumy region, while shelling in Zaporizhzhia, has killed two people. Russians claim that they have captured the town of Ukrainsk in the eastern Donbas region.

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QP: Did you hear the good news about inflation?

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The prime minister had initially indicated that the would be present, but when the time came, he was not. His deputy was present for a second day in a row, in the wake of the by-election losses, but also in the wake of the news that the inflation headline figure has returned to target, and which I fully expected the Liberals to be insufferable about. All of the other leaders were present, unlike yesterday, and Pierre Poilievre led off in French, raised the by-election losses, falsely called the federal government as having been responsible for the largest expansion of government in history, and wondered how the Bloc could support them—which really wasn’t a question for government. Chrystia Freeland got up to praise the inflation numbers, as expected. Poilievre dismissed this as cold comfort for people, and again asked why the Bloc supports them (which is not a question for government), and Freeland again praised the inflation numbers while calling Poilievre economically incompetent. Poilievre switched to English to again raise the by-election losses and recited his slogans. Freeland repeated her good news talking points in English. Poilievre again called this cold comfort, called Freeland incompetent, and raised the fictitious “second carbon tax” as taking a huge hit on the economy. Freeland insisted that the inflation news was good news for Canadians and bad news for the Conservatives. Poilievre repeated his fiction of the “second carbon tax,” which is not a Thing, and demanded an election. Freeland recited good news talking points about housing, repeating the announcement she made yesterday on mortgage amortization.

Yves-François Blanchet led for the Bloc, and first addressed to Poilievre that they got fourth place in LaSalle—Émard, before demanding support for their bill on expanding pensions for seniors under age 75. Freeland recited talking points about supports they have added for seniors, particularly those most vulnerable. Blanched again demanded a royal recommendation for the Bloc bill, and Freeland would not indicate support for that bill.

Jagmeet Singh rose for the NDP and declared the Liberals “done,” then demanded price caps on certain groceries. Freeland hoped that they would set partisanship aside in order to congratulate Canadians for getting inflation back under control, before noting they have increased taxes on corporations. Singh switched to French to repeat his same declaration before demanding and end to “real estate giants” ripping people off. Freeland scoffed at the notion that the Liberals are teaming up with the Conservatives (earned Conservatives applause) and then slammed the Conservatives. 

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Roundup: Grossly distorting crime stats

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Pierre Poilievre has been putting out a series of charts lately to “prove” that the Justin Trudeau-led government has been an apocalyptic disaster for the country, and one of them has bene around violent crime statistics. But because this is Poilievre, he takes those statistics and distorts them to create a monstrous picture that doesn’t actually reflect reality, as Amarnath Amarasingam explains:

This is classic Poilievre, incidentally. He has made a career out of cherry-picking a single data point, then building a massive, misleading narrative around it and when you call him on the lie, he insists that that data came from Statistics Canada, or the PBO, or wherever. In other words, he tries to use their legitimacy to launder his disinformation, and provide him with intellectual cover when clearly he either did not understand what the data was, or he simply took the information and constructed a false narrative (and I have my particular suspicion about which one it is). What is even more dangerous about these kinds of distortions is that they are being mixed with a big dose of racism among Poilievre’s online base, who are blaming immigrants for this supposed “spike” in crime (which is not a spike), and this could lead to some very bad outcomes.

For another example, we have the real household income figures from 2022, which he has also utterly distorted because of course he has. And has any legacy media outlet called any of this out? Of course not. Meanwhile, this has never been about logic or facts, or reasoned arguments—it’s about lies that make people angry so that they vote emotionally, which he thinks will benefit him (and that those lies won’t blow up in his face when he can’t deliver on his false promises). Depending on lies is a very bad strategy in the medium-to-long term, but here we are, swimming in them.

Ukraine Dispatch

Even though Ukrainian forces shot down three missiles and 25 out of 26 drones, an energy facility in the Sumy region was hit, and fire broke out. A fourteen-year-old died when a Russian struck near a playground in Zaporizhzhia. Russia has been making an aggressive push in the east, claiming the towns of Zalizne and Niu-York. Ukraine is reported to have launched a drone attack on Moscow with at least ten drones, while a diesel depot on the Rostov region was set on firefrom a Ukrainian drone strike. Russian forces have confirmed that Ukrainian forces have damaged or destroyed all three bridges over the Seym River, which could trap Russian units caught between the river, the Ukrainian advance, and the Ukrainian border.

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Roundup post: No other orders of government

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The Conservatives put out a statement yesterday about a Statistics Canada report on dwelling units, and blamed the federal government for the lack of creation, never mind that the federal government isn’t actually responsible for housing, and has very few levers at their disposal, and the levers they do have they are pretty much maxed out in terms of what they’re able to do. But reading this particular statement, you wouldn’t know that we have provincial and municipal governments who are responsible for housing, and who have the policy levers to do something about it, whether it’s zoning, or density rules, or building codes, or direct financial levers. Thos are all at their disposal, but Pierre Poilievre would have you believe that none of those exist.

The sad irony of course is that the moment that the Conservatives next form government, they will immediately insist that these issues aren’t their problem, that the provinces should be dealing with this, and they will play stupid games with funding (which Paul Wells noted last week, Poilievre’s planned incentives are rounding errors for city budgets).

And yes, my reply column is full of chuds who insist that Trudeau created this situation with immigration, again ignoring the role that provinces played in demanding more arrivals to fill labour shortages while simultaneously doing nothing about housing or social services (their responsibilities), and that there is a counterfactual in terms of what would have happened to the economy in terms of inflation and controlling it if we hadn’t brought in as many new immigrants as we did. The answer is that things probably would have been a whole lot worse for us as a whole, and we can’t ignore that while trying to look for blame for the current situation.

Ukraine Dispatch

A top Ukrainian commander says that they now control as much as a thousand square kilometres of territory in Kursk, while Putin vows a “worthy response.” There are concerns by Ukraine’s state security service that Russia is trying to falsely accuse them of war crimes as part of the operation. Here is a good look at the Kursk operation, its goals and the future options that will need to be weighed in terms of what Ukraine does next.

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Roundup: Calling for price caps

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The NDP are at it again, and by “it,” I mean making stupid demands that should get them laughed out of any room they’re in. To wit, yesterday they demanded price caps on certain grocery items, claiming that the Loblaws settlement over the class action for the bread price-fixing scheme as “proof” that government needs to take action. I can’t think of a more economically illiterate argument that is trying to simply base itself on “vibes” that will only do far more harm than it will do good.

The high price of certain grocery items is rarely an issue of grocery chains hiking prices. It does happen, but there has been little evidence of it when margins have been stable. If you bother to actually pay attention to agricultural news or Statistics Canada data, it’s pretty clear that much of those price increases are a result of climate change-related droughts in food-producing regions, with the odd flash flood or hurricane also ruining crops, and driving up prices. The invasion of Ukraine exacerbated issues by throwing world markets for wheats and cooking oils out of whack, driving up prices as exports couldn’t get to market. And even if you have growing conditions that rebound, often price are locked into contracts with producers or processors for several years at a time, which can delay prices returning to lower levels as supply rebounds. But the point here is that most of this is explainable if you actually bother to look, rather than just screaming “corporate greed!” because you are ideologically predisposed to doing so.

More to the point, this just strikes me as a little bit of history repeating the demands for price controls in the mid-seventies as inflation was reaching double-digits, which then-prime minister Pierre Trudeau mocked with the phrase “Zap, you’re frozen!” We’re not there, and frankly the demand for price caps is frankly ridiculous, and if they persist, we should resurrect “Zap, you’re frozen” to mock them as relentlessly.

Programming Note: I am taking the next week or so off. Columns will continue on schedule but blogs and videos will be taking a bit of a break.

Ukraine Dispatch

Russia launched drone attacks against power facilities in two regions, prompting more power grid disruptions. Another drone attack appears to have overshot and struck down in Romania, but NATO doesn’t believe that this was an intentional attack. A leaked UN report is pointing to Russia as the culprit of an explosion at barracks housing Ukrainian POWs two years ago that killed fifty.

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QP: Mocking each other’s housing plans

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With precious few Wednesdays remaining in the spring sitting, the prime minister was present today, while his deputy was off at a Senate committee meeting to talk about the budget bills. The other leaders were all present, and Pierre Poilievre led off in French, and raised an interview that the PM gave where he said that if he spends more, That inflation will go up, and claimed that he had been saying that the whole time. Justin Trudeau noted that he ignored the rest of the sentence from the interview and talked about investments in helping Canadians like dental care. Poilievre mocked this, and demanded his “dollar for dollar” budget slogan be implemented. Trudeau noted that dental care is not inflation, it’s help for people who need it, which the Conservatives are against. Poilievre switched to English to repeat the quote from the interview, and Trudeau repeated that the Conservatives have been using inflation as the excuse not to support programmes like dental care. Poilievre mocked this, saying Trudeau was going against his own words, which he actually wasn’t, but Trudeau insisted that they have been focused on bringing down inflation, which the Conservative found uproarious. Poilievre again mocked that Trudeau was finally talking about monetary policy, and Trudeau repeated the Conservatives were standing against help for people.

Yves-François Blanchet led for the Bloc, worried about what was happening in Rafah, wanted a ceasefire, humanitarian aid, and to work with the Arab League for a peacekeeping force in the area toward an independent Palestinian state. Trudeau noted that they have been calling for a ceasefire and working toward a two-state solution. Blanchet asked if he believed they needed a peacekeeping force in the region, and Trudeau noted they were working with partners in the G7 and the region to get to a sustainable solution.

Jagmeet Singh rose for the NDP, and he insisted that Trudeau could do more about Rafah like a two-way arms embargo and sanctions against the Netanyahu government. Trudeau reiterated that he was sickened by what happened in Rafah, and that they continued to call for a ceasefire, humanitarian aid, and the hostages being released. Singh repeated the demand in French, and got much the same response. 

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QP: Gas tax holidays and make-up jabs

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For Monday-on-a-Tuesday QP, the prime minister was off in Philadelphia, but his deputy was present, as were most of the other leaders. Pierre Poilievre led off in French, rattled off some slogans, and accused the Bloc and government of scheming to raise gas taxes when other countries have cut their taxes, and mentioned his demand to cut fuel taxes over the summer. Chrystia Freeland said that she was glad he raised inflation because it allows her to mention this morning’s inflation figures, which showed another decrease thanks to their responsible management. Poilievre switched to English to insist that the government shouldn’t pat themselves on the back because inflation is still 35 percent above target, and repeats the demand to cut gas taxes. Freeland noted that he doesn’t even know that the target is between one and three percent. Poilievre returned to French to insist the target was two percent, and then lambasted the government for not locking in longer-term treasury bonds, meaning higher government interest payments. Freeland insisted he was incompetent, and Poilievre returned to English to call her incompetent, and repeat his lines about treasury bonds. Freeland suggested he was grouchy because he doesn’t like that inflation is at a three-year low. Poilievre switched to a demand to support their motion on banning all hard drugs for all times. Freeland pointed out that Poilievre was wearing more make-up than she was—got a warning from the Speaker—and after withdrawing the remark pointed out that Poilievre was phoney to the core, and that he didn’t really care about the economy or people dying from opioids, but only wants to score partisan points.

Christine Normandin led for the Bloc, and lamented a lack of government interest in the Francophonie. Freeland says that the situation of French in Quebec is not a joke, and they are taking it seriously. Normandin took a swipe at Francis Drouin and the Liberals sticking by him, and Freeland repeated her statement of support for the French language. 

Jagmeet Singh rose for the NDP, raised the pending arrest International a criminal Court warrants for senior Hamas and Israeli officials and demanded to know if the government would support it. Freeland said that they respect the independence of the ICC, condemn Hamas, and doesn’t believe you can draw an equivalence of Hamas’ actions with Israel’s. Singh insisted that it wasn’t the question, and repeated it in French, but got the same answer.

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QP: Going hard for March for Life day

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Despite being in town, the prime minister was not in QP today, though his deputy was, fresh from an appearance at committee. All of the other leaders were also absent, leaving Andrew Scheer to lead off in English, reciting a couple of slogans before giving some ignorant talking points about government spending, inflation, and interest rates, which had as much credibility as a crypto bro video on YouTube. Chrystia Freeland said that as it was her first opportunity to speak in the House today, she wanted to raise a grave threat—Pierre Poilievre saying that he wants to tear up Charter Rights, and that today, the so-called “March for Life” on the Hill, Conservative MPs were outside attacking a women’s right to choose, and that this proves Conservatives would attack the rights of every woman in Canada. Scheer insisted that she was trying to deflect, and cited a Desjardins report about a national measure, and demanded she “cut up the government credit card.” Freeland said that the Conservatives were upset because people are starting to see them flirt with white supremacists and threatening to tear up the Charter. Scheer insisted that they would take no lessons, because the government was trying to control the internet, before raising Mark Carney’s testimony at a Senate committee yesterday, capped off by reciting slogans. Freeland went on a paean about the rights of women to control their own body, and invited the Conservatives to affirm this right. Gérard Deltell took over in a French, and raised that July 1st is “moving day” in Quebec, and demanded to know what the government is doing about rent (which is provincial jurisdiction). Freeland went on a Quebec-specific paean about women’s rights to bodily autonomy. Deltell insisted that all Quebec women and everyone else in the country was suffering from the government’s so-called “inflationary policies.” Freeland once again insisted that women have a right to control their own body, and that there were Conservatives outside at the anti-abortion rally.

Alain Therrien led for the Bloc to again return to the non-issue of Francis Drouin’s outburst at committee and demanded he resign from his Francophonie role. Freeland raised the Bloc for standing up for women’s rights before noting their support for the French language. Therrien repeated his demand, and Freeland repeated her praise for their investments in French.

Alexandre Boulerice railed about grocery CEO profits, and accused the government of a sweet deal with then. Freeland praised their changes to competition law as an important step. Alistair MacGregor repeated the same in English, and Freeland this time praised their plan to make those at the top pay a little more with the capital changes, before repeating the point about competition reform.

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